Bitcoin’s recent pulbacks have established a strong volume-based resistance near $ 108,300, with support in $ 106,700- $ 107,000 zone.
Improvement 13: 06–13: 36 intensified with a remarkable price increase from $ 107,373 to $ 107,671, followed by a sharp upside down.
Technical analysis suggests that bitcoin is now trading within a compression area, trapped between two major fair price intervals that will determine the upcoming market direction.
If the bulls reconstruct the $ 109k to the $ 110K area, the price may push towards resistance from $ 112K, while a break below $ 107,000 may test the liquidity around $ 106k.
Technical analysis
- The decline is 22: 00-23: 00 hours with extraordinary high volume (16,335 BTC) on May 24, with establishing a strong volume-based resistance near $ 108,300.
- Support is in $ 106,700- $ 107,000 zone, where buyers have emerged during a period of 09: 00-10: 00 on 25 May, although recovery efforts have been modest with around $ 107,500.
- The overall technical structure suggests the tendency of a short -term recession with the capacity for further consolidation before the emergence of directional clarity.
- Bitcoin experienced significant instability with a remarkable price increase from $ $ 107,373 to $ 107,671 between 13: 06–13: 36, followed by a sharp upset, with prices falling.
- The most sufficient value movement occurred during a 13:35 minute candle, where BTC jumped approximately $ 150 with an extraordinary high volume (148.76 BTC), which establishes temporary resistance around $ 107,630.
- The support of support near $ 107,400 where the buyer emerged during the final minutes of the period, although the overall technical structure suggests that $ 109,239 continues to consolidate within widespread improvement from high.
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